If you need cash for remodeling new home do a LOC on your owner occupied house before you rent it. 

If their guest falls down the stairs and breaks a leg, you would be covered under the tenant's policy and wouldn't need to file with our insurer.

I mostly apply for BTR, Business license, register and file annual report with the SOS.

Even large and small businesses with intangible residual services like TV, internet, security, pest control or the local contractor with remodels in process could fall behind on payments revenue contract. 

The 25% has to be your funds.Now, there are non conventional options that would be a bit more flexible but even most of those programs will require at least 20% down with no second mortgages filed on the property. 

You could also try looking up money judgements filed against local businesses at the magistrate level and target them with direct mail or driving for dollars. 

So I do not have a tax filing with the rental income on it yet.

The tenant pays a monthly premium and keeps an active bank account and credit card on file.

If you provide any kind of substantial services like catering, car service, etc you will change you tax situation and no longer can file under Schedule E.

Typical cost for the setup would be in the $15,000 range which would include production of the Private Placement Memorandum, Subscription Agreement, and Operating Agreement, Investor Qualification Forms, as well as filing Form D with the SEC, and state “Blue Sky” filings in those states where your investors reside.